For agricultural purposes, I intend to sell my urban agricultural land within the municipal limits, which…
Tag: exemption
How exemption under Section 54F for long-term capital gains on the sale of a plot of land is computed? | Mint
I have sold a plot of land for ₹67 lakh. After indexation, the taxable long-term capital…
Retired in February but leave encashed in April. When is the benefit of exemption applicable? | Mint
Salary is taxable on a ‘due’ or ‘receipt’ basis, whichever is earlier. As you have retired…
Is there exemption on rent in new regime?
Is there any exemption on house rent in income tax’s new regime for assessment year (AY)…